British Prime Minster Teresa May suffered a resounding defeat as Parliament voted 432-202 to reject her agreement with the European Commission for a Brexit deal. Both those who supported and opposed Brexit opposed the compromise deal and it is likely the Prime Minister will face a vote of no confidence fairly soon. May promised to deliver a “Plan B” soon, but it is highly unlikely that she can forge a coalition to support any compromise. Britain has until 29 March to reach a deal with the European Union, although that date could perhaps be fudged. But the prospect of a “hard” exit (one with no agreement on the terms) has become more likely. That outcome would inflict great economic costs on both Britain and the EU.